/biz/ - Business & Finance

>>55373558
You don't do these things every single day, do you?
What's wrong with setting up a base in Dubai, and then taking the plane to go hiking?
And why do you think your lifestyle is what interests the people asking us questions here?
Dubai is a temporary place to stay, everyone knows that, but it does a damn good job at being a good temporary place to stay.
>>55373626
On the doc once I pay my DEWA I get two sections on the right for the Bill Summary. One says "Dubai Electricity & Water Authority" and has my elec and water bills, the other, in brown, reads "Dubai Municipality" and has my Housing and Sewage bills. Housing is the 5% tax I mentioned. It's paid by the owner, you might not get it if you're renting.
>>55373674
Those of Ras al Khaimah and Sharjah, I believe.
>>55373760
I would gladly throw away democracy even without the skyscrapers and jetset life.
Enjoy your forced LGTVHD+ propaganda, constant muggings and inability to take a walk at night, faggot.
Also enjoy being around a populace that's being brainwashed by media to be always angry at something, and enjoy having your tax money being thrown at the loudest most obnoxious people to keep them from protesting. What a great system we gave up on, wow.
>>55373863
>just launder money for decades while hoping that crypto is still a thing at the time, bro. Moving to a safe and well-functioning city for 3 years, during which you're still free to travel, is too much hassle.

>>54927877
> the most obvious one, they are scammers
When did I say they aren't?
How does that negate anything I already said?
You can miss opportunities while they're stealing Bancor Foundation funds.
Or you enter good risk-reward trades while they're stealing Bancor Foundation funds.
I simply explained why I chose the latter and nobody is willing to give me a good explanation as to why that's an error.

They were scammers with no redeeming qualities when BNT was $0.35, and despite them being scammers with no redeeming qualities, during the worst bear market crypto has seen, the $0.35 support was never broken.
Now they are scammers with a top tier dev team, who created an amazing product, burnt 4% of BNT supply in the last month alone, half of it from buybacks, and tokenomics that can genuinely prop price up, while sentiment is shifting bullish and everyone is expecting rate drops in December.
If you NOW take your stables out and buy BNT with them, the only thing you need to get even (make up for the deficit) is wait until the price of BNT is that of last week. That's it. No need for a moon mission, you just need BNT to EVER hit the price where it was LAST WEEK, before Carbon was even functioning properly. Why would I think that this is impossible?
Why should your hatred for Galia Benartzi prevent you from making money?
> the development of v3 was extremely slow
There was NO development of v3. You might have misunderstood something, once they fucked up they simply switched dev efforts to Carbon, which was developed insanely quickly.
> no way this consumes millions
If you're talking about Carbon, why wouldn't it? There's almost a billion in Uniswap TVL which is outside of current price range, which is specifically there to act like a poor man's limit order.
Carbon allows you to have this done properly, why wouldn't you switch if you were the owner of those billions?

>>53307415
Based, thanks for making europoors seethe.
You're 100% correct.
I personally took the Dubai pill because even weak governments wake up when you're making millions from crypto.
But the first 3 decades of my life I enjoyed a weak government, and I've also seen enough of Western Europe first hand to know exactly why everyone is on antidepressants there.

>>52744009
Alright anon, here is the easiest way to get it.
Go to https://yieldsamurai.com/

Now, unless you're a phonefag, in which case go to plebbit, but if you aren't on your left you have lending.
Every row has BAPR and DAPR. DAPR is how much the people lending the money are yielding per year, and BAPR is how much you pay in interest to get this money. Both are usually dynamically calculated based on supply and demand, and they're usually quite low.
Stuff like Aave and Compound really isn't profitable.

Now on your right, you have liquidity provision.
AKA you give 2+ coins to a "liquidity pool" to make it possible for someone to go on, say Uniswap, and swap one coin for the other at a certain price. When they do, a small % of the swapped amount is given to the liquidity providers as a fee. Back in Bancor v1 / Uniswap v1 it used to be 0.3%, nowadays it varies.
Pools with high volume can get INSANE DAPR. And for Uniswap, fees are all the money you're getting.
But for stuff like Pangolin or Pancakeswap, you also also have staking rewards. Example: https://yieldsamurai.com/pool/avalanche/0xbd918ed441767fe7924e99f6a0e0b568ac1970d9

In this pool you get 4%/year from fees and 14% from "liquidity mining". AKA New PNG tokens are being minted every day, and you're the one getting them, because you provided liquidity.

In some Curve pools, you might have incentivised liquidity, meaning that you receive multiple tokens, EG both CRV and KAVA.

Any questions?

>>51610786
And finally, to answer OP's question:
You first cash out in a safe low tax country. So somewhere in GCC, Dubai is the best because you won't get bored during the 14 months (2 tax years) you stay there. It's not a long-term place, true, but it can be super fun for a year or two.
Then you move the money to a Singapore bank.
Then you go and live in the UK or Ireland, bringing about $1m with you, the rest stays in your Singapore bank.
Then you have 7 years of growing the money in the Singapore bank tax free, as long as you don't bring any of it into the UK. You're only allowed to reinvest it and it should never touch a UK bank. You live off the initial $1m for 7 years, maybe make some money locally (this would be taxed).

>>50872177
>i dont get why would anyona wanna go there
Because we made it from crypto?
Nobody wants to live here long term but it's the absolute best cashout spot.